Kurudy Reward-Based Crowdfunding Disclosures
Last Updated: February 04, 2026
1. Introduction
Kurudy Inc. ("Kurudy," "we," "our," or "us") operates a reward-based crowdfunding platform designed exclusively for African-U.S.-based companies and Africa-based companies ("Creators"). The platform allows individuals ("Backers") to support creative, entrepreneurial, and mission-driven projects in exchange for non-financial rewards, such as products, experiences, acknowledgments, or digital items.
This Disclosure Statement explains:
- How reward-based crowdfunding functions on Kurudy;
- The differences between Fixed Campaigns and Working Capital Campaigns;
- The responsibilities of Creators and Backers;
- The unique risks associated with supporting crowdfunded projects;
- The expectations for transparency, communication, and accountability;
- The limited role Kurudy plays as the platform provider;
- Kurudy's African eligibility policy for Creators.
Kurudy is not a securities platform, does not issue or sell investments, and does not offer financial returns or ownership opportunities. All participation on the platform is voluntary, reward-based, and not guaranteed.
By using Kurudy, you acknowledge that you have read and understood this Disclosure Statement and agree to the responsibilities and risks described herein.
VERIFICATION AND PAYMENT DISCLOSURE
All Creators are subject to identity verification, AML review, and OFAC sanctions screening. Funds may be delayed, held, or not released pending compliance review.
2. What Reward-Based Crowdfunding Is (and Is Not)
Reward-based crowdfunding allows Backers to support the launch, development, or expansion of creative and business ideas. Backers pledge funds because they believe in a project—not because they expect financial gain, ownership, or repayment.
Reward-Based Crowdfunding IS:
- A way to support a project, mission, or creative idea;
- A voluntary transaction between Backers and Creators;
- A system where Backers receive "rewards" rather than financial returns;
- A community-driven funding model;
- A way for Creators to test ideas, generate support, and raise startup capital.
Reward-Based Crowdfunding IS NOT:
- An investment program;
- A loan or debt arrangement;
- A securities offering;
- A guarantee of product delivery;
- A purchase from a typical retail store.
Crowdfunding involves risk. Backers must understand that rewards may face delays, adjustments, or in rare cases, become impossible to fulfill. Creators must understand that transparency and accountability are essential to Backer trust.
3. Kurudy's Mission and Creator Eligibility Requirements
Kurudy's purpose is to expand economic opportunity, visibility, and support for:
- Africa-based companies,
- African-founded or African-owned companies operating in the U.S.,
- African diaspora creatives,
- Organizations with Africa-centered missions.
For this reason, Kurudy requires Creators to verify their African ownership, leadership, or operational connection. This may include biometrics.
Kurudy reserves the right to:
- Request documentation to confirm eligibility;
- Suspend, remove, or deny campaigns that do not meet these criteria;
- Terminate campaigns that misrepresent their African affiliation.
- Utilize biometrics to confirm identities.
Protecting the integrity of this mission ensures Kurudy remains a platform of and for African innovation and empowerment.
4. How Crowdfunding Works on Kurudy
Reward-based crowdfunding on Kurudy follows these steps:
Step 1 — Creators Build a Campaign
Creators submit:
- A project description;
- Reward offerings;
- Funding goals;
- Delivery timelines;
- Media assets;
- A clear explanation of risks and challenges.
Step 2 — Backers Support Projects
Backers review campaign information, ask questions, and pledge funds to receive rewards they believe in or want to support.
Step 3 — Funds Are Processed
Backer payments are processed securely through third-party payment partners. A 3.5% processing fee applies to each Backer pledge.
Step 4 — Funding Outcome
Depending on the campaign type, funds may be released to the Creator or returned to Backers.
Step 5 — Reward Production
Creators use funds to begin or continue project work and prepare rewards for delivery.
Step 6 — Reward Delivery
Creators fulfill rewards and maintain communication with Backers until completion.
5. Types of Campaigns on Kurudy
Working Capital Campaigns Only
Kurudy currently supports Working Capital Campaigns. These campaigns are designed to help Creators raise funds for operational needs, ongoing development, or incremental growth. Kurudy does not offer investment products, profit-sharing, interest, equity, or financial returns to Backers in these campaigns.
All pledges and contributions made to Creators on Kurudy are support payments, not investments.
A. WORKING CAPITAL CAMPAIGNS
In a Working Capital Campaign, the Creator receives the funds raised regardless of whether the stated funding goal is met. This model is intended for Creators who can operate, deliver value, or make progress with flexible or partial funding.
How Working Capital Campaigns Work:
- Backers are charged immediately at the time of payment.
- Funds are released to the Creator on a rolling basis, even if the stated goal is not met;
- Creators are responsible for delivering rewards, benefits, or updates based on the funds actually raised.
- Backers acknowledge that contributions do not generate financial returns of any kind.
Important Clarifications for Backers:
- Payments made to Creators are not investments and do not entitle Backers to profits, revenue sharing, ownership, interest, dividends, or repayment.
- Contributions are made to support a Creator’s work, project, or business activities;
- Outcomes, timelines, and reward delivery may vary depending on funding levels and operational conditions.
Chargebacks and Payment Disputes:
- Initiating a chargeback, payment reversal, or payment dispute may result in:
- Immediate suspension or termination of the Backer’s Kurudy account;
- Permanent loss of access to the platform;
- Disqualification from future campaigns.
- Kurudy reserves the right to restrict or terminate access to the platform to protect Creators and maintain platform integrity.
Best For Creators Who:
- Can operate and deliver value with partial or incremental funding;
- Are raising funds for working capital, operations, marketing, development, or growth;
- Offer digital products, services, memberships, or flexible rewards.
Best For Backers Who:
- Want to support Creators, founders, or businesses without expecting financial returns;
- Understand that contributions are support-based, not investment-based;
- Accept that funding levels may affect the scope, timing, or nature of rewards.
Risks to Consider:
- Because funds are released regardless of whether the goal is met, Creators may face constraints that affect delivery timelines or reward quality.
- Kurudy does not guarantee project success, outcomes, or fulfillment beyond platform rules and disclosures.
6. Creator Responsibilities on Kurudy
Creators are responsible for:
A. Reward Delivery
Creators must make every reasonable effort to fulfill promised rewards. If obstacles arise, Creators must:
- Communicate openly;
- Provide revised timelines;
- Offer reasonable alternatives where appropriate;
- Explain production challenges in detail.
B. Transparency
Creators must describe:
- The project;
- Associated risks;
- Production plans;
- Budget assumptions;
- Any uncertainties that may impact reward fulfillment.
C. Appropriate Use of Funds
Funds must be used in line with the project description. Misuse may result in:
- Campaign removal;
- Account suspension;
- Loss of access to Kurudy;
- Mandatory refunds where appropriate;
- Legal consequences.
D. Maintaining African Eligibility
Creators must accurately represent:
- African ownership, leadership, or operational ties.
Failure to meet these requirements may result in immediate removal.
7. Backer Responsibilities on Kurudy
Backers must understand that they are supporting a project, not purchasing from a retail store with guaranteed delivery timelines.
Backers Accept That:
- Crowdfunding involves delays;
- Production challenges are common;
- Reward features may evolve logically as a project progresses;
- Creators may revise timelines due to manufacturing or supply chain issues;
- Backing a campaign is inherently risky.
Backers Should:
- Read the entire campaign description;
- Review the reward timelines carefully;
- Evaluate Creator communication responsiveness;
- Support only what they can afford to lose;
- Understand the difference between Fixed and Working Capital campaigns.
Prohibited Backer Behavior:
- Abusive communication;
- Fraudulent chargebacks;
- Using stolen payment information;
- Harassment of Creators or other Backers.
Kurudy reserves the right to suspend or terminate Backers who violate platform standards.
8. Understanding the Risks of Crowdfunding
Crowdfunding always involves risk. Common risks include:
A. Production Delays
Creators may face unexpected challenges such as:
- Factory delays;
- Material shortages;
- Staffing issues;
- Shipment disruptions.
B. Changes to Rewards
Adjustments may occur due to:
- Budget constraints;
- Material availability;
- Technical challenges;
- Safety requirements.
C. Partial or Unsuccessful Delivery
In Working Capital campaigns, limited funds may affect:
- The scope of rewards;
- The timing of delivery;
- The ability to deliver certain items.
D. Communication Issues
Creators may struggle with:
- Time management;
- Unexpected personal or business issues;
- Errors in estimating production timelines.
Kurudy encourages transparent communication, but cannot enforce Creator response times.
E. Platform Role Limitations
Kurudy does:
- Monitor for fraud;
- Verify Creator eligibility;
- Provide campaign tools.
Kurudy does not:
- Guarantee project outcomes;
- Guarantee reward delivery;
- Mediate individual disputes;
- Provide refunds on behalf of Creators;
- Evaluate Creator financial ability.
Backers must understand these limitations before pledging.
9. Payments, Fees, Refunds, and Chargebacks
A. Backer Fees
Backers pay a 3.5% processing fee per pledge.
B. Creator Fees
Creators pay:
- 7% transaction fee on total funds raised (e.g. $1=.07);
- No monthly platform fee
- Monthly fee for Advanced Features.
- Nominal Fee
C. Refunds
Working Capital Campaigns: Backers are charged immediately, and refunds are at the Creator's discretion.
D. Chargebacks
Improper chargebacks harm Creators and disrupt project viability. Backers may face account termination for filing unjustified chargebacks.
10. Kurudy's Limited Role
Kurudy provides the platform infrastructure but does not:
- Guarantee a Creator's abilities;
- Guarantee the production or shipment of rewards;
- Guarantee that funds will be used as stated;
- Offer insurance or protection for Backers;
- Provide legal, financial, or strategic advice.
Kurudy may remove campaigns for:
- Fraud;
- Misrepresentation;
- Violations of African eligibility rules;
- Failure to comply with Terms of Service;
- Abusive behavior.
11. Communication Standards
Kurudy expects respectful and professional communication. Prohibited content includes:
- Hate speech;
- Harassment;
- Fraudulent claims;
- Spam;
- Misinformation designed to manipulate Backers.
Kurudy may remove users who violate communication rules.
12. Privacy and Data Protection
Kurudy's separate Privacy Policy outlines details regarding:
- Data collection;
- Data use;
- Security practices;
- Rights of users;
- Use of third-party payment vendors.
Crowdfunding requires sharing certain personal and business data. Kurudy does not sell personal information and uses industry-standard security practices to protect data.
13. Acknowledgment of Crowdfunding Risks
By using Kurudy, Backers and Creators agree to accept the inherent risks involved in reward-based crowdfunding, including:
- Delays;
- Production challenges;
- Financial uncertainty;
- Communication inconsistencies;
- The possibility of incomplete reward delivery.
Backers should support only what they are prepared to risk without financial hardship.
14. Summary of Key Points
For Backers:
- Crowdfunding is not retail shopping.
- Rewards are not guaranteed.
- Fixed campaigns only release funds if goals are met.
- Working Capital campaigns release funds regardless of goal achievement.
- Read campaign descriptions carefully.
- Back only what you can afford to lose.
For Creators:
- You must communicate transparently.
- You must use funds responsibly.
- You must deliver rewards or provide clear explanations of challenges.
- African eligibility is mandatory.
- Kurudy may suspend campaigns that violate platform rules.
15. Final Acknowledgment
By using Kurudy, you confirm that you have:
- Read this entire Crowdfunding Education & Disclosure Statement;
- Understood the differences between Fixed and Working Capital campaign structures;
- Accepted the inherent risks;
- Agreed to Kurudy's Terms of Service and Privacy Policy;
- Acknowledged that Kurudy does not guarantee reward delivery or campaign success.